The topic of “how to make money” is always an interesting topic for every human being because everybody is ever dreaming of how to make money and be rich. The secret of making money is not always dependent on being employed in the world’s biggest companies and earning a big salary plus other packages.
Instead, making money nowadays largely depends on the creativity of an individual. Therefore whether you have PHDs, master’s degrees, technical education, etc. you have an equal capability to learn on how to make money and increase your bank accounts. As a matter of fact, some of the richest people in the world have generated their wealth through creativity, intelligence and talent.
Today, many people are using the internet to make money. The continued advancement of technologies and internet connection have opened up channels of money and people, regardless of where they live, have access to countless job opportunities that can be effectively done and compete over the internet.
- 12 Easy Ways to Make Money
- How Much Money do I Need to Invest to Make $3000 a Month?
- How Many Views do You Need on YouTube to Make Money?
- How Much Money do You Have to Make to File a Schedule C?
- How Many Followers do You Need to Make Money on Instagram?
- How do I Invest my Money to Make Money?
- How Much Money Did Ken Jennings Make on Who Wants To Be A Millionaire?
- How Much Money Does an LLC Have to Make to File Taxes?
- How Many Views do You Need to Make Money on Videos?
- How do ATM Owners Make Money if They Have to Fill it?
- How Many Views do You Need to Make Money Blogging?
- How Much Money do Door to Door Salesman Make?
- How Does Too Good to go Make Money?
- How Much Money do I Need to Invest to Make $2000 a Month?
- How Much Money do You Have to Make to Qualify For a FHA Loan?
- How Many Followers do You Need to Make Money on Twitter?
- How do You Make Money Rent to Own Homes?
- How Many Bills Does it Take to Make a Money Lei?
- How Much Money do You Need to Make a Will?
12 Easy Ways to Make Money
There are numerous online job platforms that offer all kinds of jobs, in all fields such as: engineering, medical, IT, research, website content development, online classes, design, and marketing, among others. Therefore you can get an international job such as virtual assistant and make money through it.
1. Work as a Freelancer
Several companies are nowadays employing people on contract basis. This means that a company can hire you only when it needs your services. If you have effective skills in performing a particular job then you can approach several companies and market your skills. Working as a freelancer gives you the greatest flexibility of working for numerous companies at the same time.
Read Also: Making Money The Easy Way
It then means that you will have different sources of income and the probability of lacking a job at any particular time is nearly zero. If you do a good job then the companies you have worked for will always look for you whenever they have a similar job or you can also benefit from referrals. This can include online and offline jobs.
2. Sell your Unused Stuffs
If you have a lot of stuffs that you are no longer using then it may be a wise idea to make money out of them. You can identify some of the stuffs that you no longer need in your house or life and put them on sale.
There are different ways of selling such stuffs including: posting them on online property selling platforms or local dailies or telling your friends, workmates and relatives about the items on sale.
3. Creating Product Selling Pages
Besides selling your own stuff you can also consider selling products for other people on your pages. Many people have items that they do not necessarily need and are willing to sell. It is quite challenging for majority of such people to get market for their products but if they can get somebody who can sell the items on their behalf then they are always willing to give any commission on the products sold.
For you to be successful on this method of how to make money, creativity is very vital. You have to create a persuasive and attractive site and link it to some of the renowned websites such as eBay and Amazon.
You can start with a page that sells products to people within your region where you can deliver the products physically after which you can develop to online selling involving shipping services. You should win your buyers’ confidence by delivering reliable and quality services as per your terms and conditions.
Blogging has become a hotcake of ways on how to make money. If you have passion in something and feel like you want to share it with other readers across the world then you can consider starting a personal blog. Many bloggers are making a lot of money through ad services.
If you manage to have an attractive blog that has a lot of consistent readers then many writers, blogger, companies and ad service providers are likely to approach you to post their ads and products on your sites so as to reach your fan base.
Therefore you have to ensure that your blog is interesting, informative, updated and reliable so as to attract more interested parties to get their ads on your blogs. Many bloggers are making a lot of money through their blogs nowadays and this has made blogging very competitive.
If you love writing then you can make money through this platform. iWriters is a writing platform where you have unlimited writing opportunities hence the more you write the more money you make. Opening an iWriter account is very simple and free of charge. Immediately you finish signing up you can start writing on topics of your choice.
The platform has countless numbers of clients who want their content written. Basically the clients provide the topics to be written about, special instructions, payment value for writing the content, the time which the content has to be written and the time of approving the content.
If your content is of the required quality then it will be approved and payment be deposited in your account instantly. This platform has become one of the commonest online writing platforms with great rewards.
6. Most used Home Services
This is a great idea on how to make money list. Not everybody is an expert in home services and some lack time to search for information due to their busy schedules. This creates a loophole that can be utilized by any willing person to make money.
It is not about writing eBooks or long journals but it is about short descriptions on how to perform particular duties as it may be required by the customer. The first thing to do is to create a page and market it to as many readers as possible. Of course you have to understand your target audience well and convince them to try your services.
Some of these services include: food recipes, simple and short time workouts, nutritious diets, making food timetables, how to fix failed equipment such as juicer, how to clean a microwave, etc.
You have to be versatile in house chores and offer customized service directions based on what the customer needs. The services you offer should be easy to follow, efficient and helpful to the user for you to show your reliability and win customers’ confidence and trust.
7. Customer Service Representative
Customer support plays a very crucial role in the success of any business. As a result of this, businesses establish customer service departments to maintain a stable contact with their customers. Majority of these businesses offer worldwide products and services and therefore most of their customer services are offered electronically.
You can approach various companies for an opportunity to work as a customer service representative. This is an easy to manage job because your task will be to answer phone calls from customers, live chat sales and support, and send and answer customers’ e-mails.
Many online businesses are hiring and relying on home-based workers to work for them as customer service representatives. With this, all you require is a stable internet connection and you will be ready to start making money.
8. Finance Services
You can make money by helping people to solve their money problems easily. Specialized software can be used to accomplish numerous financial services such as bookkeeping, tax preparation, accounting, billing, insurance coding, and payroll processing, among others. Many businesses and individuals are ready to hire experts to perform these services.
Therefore you can establish an online agency offering such financial services and make money out of it. However, such services require people who are professional in the respective fields so that their services are relevant to the company. For example, for you to perform insurance billing services then you must have taken an insurance billing course and acquired the necessary knowledge and skills.
Some of the financial services that are currently on high demand are those involving loans such as personal loans, business loans, home loans, foreigner loans, etc. You can offer services such as: eligibility for loans, application requirements and process, documentation, best moneylending institutions, repayment plans, etc.
Many people across the world are in search for such information and you can turn it into income generating venture. But you must obtain a license from the government for you to offer such services.
9. Search Engine Optimization (SEO) Reviewing
Search Engine Optimization (SEO) is one of the highest growing internet-based employment opportunities. The need for SEO services is high for all online-based businesses because every company is aiming at taking its website on top of search engine rankings.
If you have knowledge and skills in SEO reviewing then you can search for an opportunity to review content for various websites and make money out of it. Learning about SEO reviewing is also very easy and can be done online. After acquiring the SEO skills, you can work as an SEO reviewer for many websites and make more money right from your home.
The demand for customized design images is very high and you can make money out of this. If you are a good designer then you have a great opportunity of making money. You can use design or photo editing software to make incredible graphics that will be competed for businesses, social media gurus, bloggers, etc.
Designing logos, company names, cards (wedding, success, anniversary, get well, love, etc.) is very marketable and the market is very wide. It is just about being creative and marketing your ideas at the start. Once you get established then you will be overwhelmed by the design orders you will be receiving. Use your innovativeness and creativity to brand and make yourself an international icon so as to get a global market.
The need for tutoring services is continuing to grow. Many families are willing to spend a lot of money to ensure that their kids get the right education. If you are good at particular subjects then you can apply for tutoring jobs at tutor job websites and start making money by offering online tutoring services.
This is a job that can be done on part time basis depending on how you agree with your clients. The advantage of this is that you can tutor numerous kids every day and make more money out of these services. The only thing required for you to start is a stable internet connection.
12. Responsible Spending
Many times people ignore the fact that they can make money by managing how they spend. It is difficult to make money if you are unable to manage wisely what you have now. The first step on how to make money is to understand your financial level and be able to manage it properly. For instance you should know what you are getting in as income and what is getting out in form of expenditure.
This does not necessarily mean that you have to go to an accounting class to be trained on finance management but instead it is all about being responsible about your expenditure. The success of how to make money depends on how you manage the money you have now and what you are about to make.
How Much Money do I Need to Invest to Make $3000 a Month?
There are many different ways to invest money and generate $3,000 a month. Let’s look at three different strategies.
Buy an Online Business
On Flippa and similar sites, you can find thousands of opportunities to invest in an online business. You can find investments ranging from e-commerce stores through content sites generating revenue from ads to subscription-based apps.
You should be able to find good, stable businesses that you can buy by paying 2.5 to 3 times their annual profits. By this calculation, to get $3,000 a month, you would need to invest around $108,000 in a revenue-generating online business. Here’s how the math works:
- A business generating $3,000 a month is generating $36,000 a year ($3,000 x 12 months).
- If the business owner is asking for 3x its annual revenue, that’s a price point of $108,000 ($36,000 x 3 years).
A growing online business is likely to give you more than $3,000 a month. Furthermore, you can sell the online business at any time, possibly make extra money which you can then reinvest.
If you find a good deal, an online business is a quick and low-effort way to make $3,000 a month.
Invest in Rental Properties
Buying rental properties is a popular real estate investment strategy used to generate passive income.
For rental properties, the rate of return will depend on your specific area, vacancy rate, whether you are taking out a mortgage to buy the property, and many other factors. In general, most real estate experts agree that the expected yearly return in rent will be around 10% of the property’s value in the USA.
We then have to take into consideration maintenance costs, so let’s assume that apart from the maintenance costs, you make a yearly net profit of 8%.
In this case, you’ll need to invest roughly $450,000 in a few properties to make $3,000 a month. Here’s how we calculated this number:
- If we want $3,000 a month, then we want $36,000 per year ($3,000 x 12 months).
- If we invest $450,000 in rental properties that generate 8% annual returns, then we can get that $36,000 per year (8% of $450,000 is $36,000).
On top of the rent that you’ll be collecting each month, your properties could continue to appreciate in value, so if you decide to sell them in the future, you would also make a profit on the sale.
Alternatively, you could buy properties with mortgages, paying less upfront. That means you also generate less profit, as you have to pay for your mortgages. The upside here is that someone else is paying your mortgage for you – your tenant.
A good strategy to consider in this case would be house hacking – investing in a larger property, keeping one part of it for yourself to live in, and renting out the remaining space.
Invest in ETFs
Another popular option used to generate passive income is through investing in stocks. For example, the return on investment for the S&P500 index is different every year, but an average return over the past 90 years was 9.8%.
It’s impossible to know how much the return on investment for the S&P500 will be in the future, so we’ll use the average from the past 90 years as a guide.
One could think that we could simply do the following math:
- If we want $3,000 a month, then we want $36,000 per year ($3,000 x 12 months).
- If we invest $367,347 at 9.8% return rate, then we can get $36,000 per year (9.8% of $367,347 is $36,000).
However, this approach is risky. In some years, the S&P500’s return on investment will be lower than 9.8%. When we withdraw $36,000 after a year of investment, we then have less money invested than we had. After a few years, we could end up with considerably less money.
A safer approach is to follow the FIRE (Financial Independence Retire Early) proposal.
According to FIRE, your portfolio should cover 25 times your annual expenses. Then, if you withdraw 4% of your portfolio every year, your portfolio will continue to grow and won’t be compromised. We can apply this formula to the goal of making $3,000 a month like this:
- $3,000 x 12 months x 25 years = $900,000.
- Assuming you invest that cash into the S&P500 index, if you now apply the 4% safe withdrawal rate over $900,000, you get $36,000 a year and, consequently, $3,000 a month forever.
How Many Views do You Need on YouTube to Make Money?
According to a variety of sources, YouTubers can make anywhere between $0.01 to $0.03 per view with AdSense, with an average of $0.18 per view. However, the amount of money YouTube.com will pay depends on a variety of factors, such as:
- The number of views your video receives
- The number of clicks an ad receives
- Ad quality
- Video length
With the average YouTube pay rate hovering between $0.01 and $0.03 for an ad view, a YouTuber can make around $18 per 1,000 ad views, which comes out to $3 to $5 per 1,000 video views. Forbes also estimates that for top talent, a YouTuber can make about $5 for every 1,000 video views.
In order to get paid by YouTube, you need to reach a balance of $100 or more from views. This means you’ll need to garner 20,000 views if you receive $5 per 1,000 views. To make this happen, YouTube created the YouTube Partner Program, which allows you to get paid through advertisements on your page. To be accepted into the YouTube Partners Program, you must:
- Have at least 1,000 subscribers
- Reach 4,000 valid public watch hours in the past 12 months
- Sign and agree to the terms and conditions
- Have an AdSense account
- Get reviewed and approved
Once you’re in the Youtube Partners Program, you’ll be able to start bringing in money through advertisements. This is done in two ways, either cost per thousand views (CPM) or cost per click (CPC). With CPM, you can earn money based on every 1,000 views you accumulate, while with CPC, you can earn money based on the number of people that click on the ad placed on your page or video.
However, it’s important to note that Google will give you 68% of the revenue when displaying ads with AdSense. So, for example, if a video generates $1,000 from AdSense revenue, you will receive $680.
How Much Money do You Have to Make to File a Schedule C?
A schedule C-EZ is an abbreviated version of Schedule C, and it is meant for very small businesses. This form can be used instead of Schedule C, when the following criteria are met:
- The business’s expenses were not greater than $5,000 for the tax year.
- The business did not have a net loss.
- The business uses the cash method of accounting.
- There are no employees.
- There is no inventory.
- There was there no deduction for business use of the proprietor’s home.
- There’s only one business.
There is no minimum income to file the Schedule C. All income and expenses must be reported on the Schedule C, regardless of how little you earned. If you meet certain criteria — detailed below — you may be able to file the Schedule C EZ instead.
There is a minimum threshold of $400 for paying self employment tax. If you earn less than $400, you won’t be required to pay that tax. But don’t get that confused with not needing to report your self-employment income. You need to report all self-employment income.
How Many Followers do You Need to Make Money on Instagram?
With just 1,000 or so followers, you can make money on Instagram. Neil Patel, a widely known digital marketing specialist, says the key is engagement — followers who like, share and comment on your posts.
“Even if you have 1,000 followers who are engaged, the potential to make money is there,” he writes on his blog.
With an enthusiastic fan base, no matter how small, “brands are willing to invest in you because of the profitable actions you’ll drive through your account,” Patel adds.
The top five Instagram influencers as of April 2021 have over 200 million followers each and include Cristiano Ronaldo, Ariana Grande, Dwayne Johnson, Kylie Jenner and Selena Gomez, according to Search Engine Journal. While the money these Instagram superstars can make is astronomical, the income people who aren’t celebrities can make is not necessarily chump change.
Influencers with a million followers can earn somewhere around $670 per post, the search marketing website says. A content creator on Instagram with 100,000 followers can earn about $200 per post, while someone with 10,000 followers can make about $88 per post.
So, the formula is: more followers + more posts = more money.
How do I Invest my Money to Make Money?
If you have $1,000 to invest for example, you can make money a variety of ways. But there are some methods that trump others. The play here is speed. We’re not talking about long-term, buy-hold strategies. Those are terrific if you’re looking to invest your capital over at least a two- to five-year period. We’re talking about ways you can make money fast.
if you’re looking to create some momentum and generate some capital quickly, in the near-term, then the following investment strategies might help you do just that.
1. Play the stock market.
Day trading is not for the faint of heart. It takes grit and determination. It takes understanding the different market forces at play. This isn’t something intended for amateurs. But, if learned and learned well, it is a way where you can quickly — within the span of hours — make a significant amount of money with a relatively small investment.
There are also ways to hedge your bets when it comes to playing the stock market. Whether you play the general market or you trade penny stocks, ensure that you set stop-loss limits to cut any potential for significant depreciations.
Now, if you’re an advanced trader, you likely understand that market makers often move stocks to play into either our fear of failure or our greed. And they’ll often push a stock down to a certain price to enhance that fear and play right into their pockets.
When it comes to penny stocks, this is further exaggerated. So you have to understand what you’re doing and be able to analyze the market forces and make significant gains. Pay attention to moving averages. Often, when stocks break through 200-day moving averages, there’s potential for either large upside or big downside.
2. Invest in a money-making course.
Investing in yourself is one of the best possible investments you can make. While you might not be able to pinpoint an actualized return on investment, there’s no money that’s better spent. Invest in yourself. Invest in your education. Learn. Adapt. Grow. Discover what you’re passionate about.
There are loads of money-making courses on the internet. The hard part is choosing the right one. From ebooks to social media marketing, search engine optimization and beyond, the possibilities are endless. While many money-making gurus might pop up on social media, not all courses are created alike. Spend time doing your due diligence and research to choose the one that’s right for you.
3. Trade commodities.
Trading commodities like gold and silver present a rare opportunity, especially when they’re trading at the lower end of their five-year range. Metrics like that give a strong indication on where commodities might be heading. Carolyn Boroden of Fibonacci Queen says, “I have long-term support and timing in the silver markets because silver is a solid hedge on inflation. Plus, commodities like silver are tangible assets that people can hold onto.”
The fundamentals of economics drives the price of commodities. As supply dips, demand increases and prices rise. Any disruption to a supply chain has a severe impact on prices. For example, a health scare to livestock can significantly alter prices as scarcity reins free. However, livestock and meat are just one form of commodities.
Metals, energy and agriculture are other types of commodities. To invest, you can use an exchange like the London Metal Exchange or the Chicago Mercantile Exchange, as well as many others. Often, investing in commodities means investing in futures contracts.
Effectively, that’s a pre-arranged agreement to buy a specific quantity at a specific price in the future. These are leveraged contracts, providing both big upside and a potential for large downside, so exercise caution.
4. Trade cryptocurrencies.
Cryptocurrencies are on the rise. While trading them might seem risky, if you hedge your bets here as well, you could limit some fallout from a poorly-timed trade. There are plenty of platforms for trading cryptocurrencies as well. But before you dive in, educate yourself. Find courses on platforms like Udemy, Kajabi or Teachable. And learn the intricacies of trading things like Bitcoin, Ether, Litecoin and others.
While there are over 3,000 cryptocurrencies in existence, only a handful really matter today. Find an exchange, research the trading patterns, look for breakouts of long-term moving averages and get busy trading. You can use exchanges like Coinbase, Kraken or Cex.io, along with many others, to make the actual trades.
5. Use peer-to-peer lending.
Peer-to-peer lending is a hot investment vehicle these days. While you might not get rich investing in a peer-to-peer lending network, you could definitely make a bit of coin. Which lending platform do you use? Today, there are many to choose from, but the most popular ones include Lending Club, Peer Form and Prosper.
How does this work? Peer-to-peer lending platforms allow you to give small bursts of capital to businesses or individuals while collecting an interest rate on the return. You get more money than you would if you placed it in a savings account, plus your risk is limited because the algorithms are doing much of the work for you.
Once you identify the offer, you can dig in and do some research — then, you can either take the deal or not. You’ll have your risk evaluated based on a proprietary algorithm that includes employment and credit history, and you’ll be able to make the decision to invest based on a variety of well-thought-out data.
6. Trade options.
When it comes to options, Tom Sosnoff at Tastyworks says, “Trade small and trade often.” What type should you trade? There are loads of vehicles, such as FOREX and stocks. The best way to make money by investing when it comes to options is to jump in at around 15 days before corporate earnings are released. What type should you buy? Money calls.
The optimal time to sell those money calls is the day before the company releases its earnings. There’s just so much excitement and anticipation around earnings that it typically drives up the price, giving you a consistent winner. But don’t hold through the earnings. That’s a gamble you don’t want to take if you’re not a seasoned investor, says John Carter from Simpler Trading.
7. Flip real estate contracts.
Making money with real estate might seem like a long-term prospect, but it’s not. There are ways you can take as little as $500 to $1,000 and invest it in flipping real estate contracts to make money fast. How? Use a system like Kent Clothier’s REWW to first understand how the market works. It’ll then provide you with the data and tools to identify vacant homes, distressed sellers and cash buyers.
While most people think that real estate is won by flipping traditional homes and doing the renovations yourself, the fastest money you can make in real estate involves flipping the actual contract itself. It’s arbitrage. Identify the motivated sellers and cash buyers, bring them together and effectively broker the deal.
It might seem odd on the first go, but once you get the hang of it, you can become a mini-mogul in the real estate industry by simply scaling out this one single strategy. It works, and it’s touted by some of the world’s most successful real estate investors.
How Much Money Did Ken Jennings Make on Who Wants To Be A Millionaire?
Jennings appeared on Millionaire in 2014 as a contestant during Guinness World Records Edition themed week, where he won $100,000 after deciding to walk away on his $250,000 question. If he had gone for it, he would have been right and would have won $250,000.
Jennings has a net worth of around $4 million, an amount many would dream of. Jennings first started amassing his wealth when he appeared on “Jeopardy!” back in 2004. The young contestant took the game show by storm and captivated audiences.
How Much Money Does an LLC Have to Make to File Taxes?
An LLC that is not considered a separate entity for federal income tax purposes is taxed in the same way as a sole proprietor: the LLC’s income and expenses are reported as self-employment income on Schedule C of the member’s personal tax return. You are required to file Schedule C if your LLC’s income exceeded $400 for the year.
If a one-member LLC did not have any business activity and does not have any expenses to deduct, the member does not have to file Schedule C to report the LLC’s income. However, the member will still have to file a personal tax return if he or she had other income, and may have to file a Schedule C if there was self-employment income from another business.
But even though an inactive LLC has no income or expenses for a year, it might still be required to file a federal income tax return.
LLC tax filing requirements depend on the way the LLC is taxed. An LLC may be disregarded as an entity for tax purposes, or it may be taxed as a partnership or a corporation.
How Many Views do You Need to Make Money on Videos?
Most channels earn between $4 and $15 per 1000 views and YouTube requires you to earn at least $100 before they pay you. That means that if you have a channel that makes $10 per 1000 views, it would require 10,000 views for you to get paid by YouTube once you’re in the YouTube Partner Program.
Per YouTube video view, the majority of YouTubers earn between $0.004 and $0.015 cents from YouTube Ads once they have joined the Partner Program.
If there’s not an exact formula, how do you calculate how many views you need? Without a definite number, the best place to start is to join the YouTube Partner Program (YPP), and then learn the differences between ads that pay-per-click or ads that pay-per-impression (view).
1. Calculating views on the YouTube Partner Program
If you have a YouTube account with over 1,000 subscribers and 4,000 watch hours within the past year, you can join the YouTube Partner Program pending YouTube’s approval. Once you join the YPP, you can turn on ads for your videos.
With ads turned on, you’ll start to see ads appear on your channels, and you should start to see income. How much income you generate from ads on your videos is difficult to determine exactly since it depends on the Google Adsense auction system.
2. Google Adsense auction
Put simply, Adsense lets advertisers “bid” for the right to show an ad on your videos. Obviously, you have to consent to show ads before your videos will appear on the Adsense system. If there are enough bidders, Adsense determines a winner based on the cost the advertiser is willing to pay and the quality of their ad. You can find more detailed information from this Adsense Help page.
The actual amount earned per ad depends primarily on the three factors detailed above: the number of advertisers bidding for your videos, the quality of their ads, and how many impressions and clicks the ads receive once they are live on your videos. Those are the main factors; there are a number of others that can affect the final pay dramatically, including what region of the world you live in or are marketing to.
YouTube is also served by numerous smaller advertisement providers other than Adsense. There is also a much smaller “partner-sold” ads program, which allows YPP members to sell ad placements on their videos directly to advertisers. This is a smaller program, however, and generally available only to larger content producers.
3. Views and clicks: key differences
Ads used to be marketed on a cost-per-impression (CPM) model in which ads paid per 1000 views. Today, most advertisers, like Adsense, have moved away from that model. Today’s ads pay-per-click, CPC, requiring a viewer to click on the ad in order for the YouTube creator to make money.
While more views on a video generally mean more clicks on any ads in that video, it’s extremely difficult to give an exact rate. A ballpark figure seems to be that a video with enough ads can make somewhere between $3-5 per 1000 views, but even that figure depends on the quality of the particular ad and the other factors mentioned above.
How do ATM Owners Make Money if They Have to Fill it?
Owning and maintaining ATMs is a way many people earn a living and create additional or passive income streams. As an owner of an ATM business, you are buying ATM machines, finding locations and installing them in locations, filling them with cash and making money every time a customer withdrawals money from the machine.
Once the money is taken out of your ATM it is re-deposited into a bank account of your choice on a daily basis along with the surcharge fees. A portion of the surcharge fee is typically paid to the merchant in the form of a commission or split.
Additional revenue can be made on each ATM transaction in the form of interchange. All your machines can be monitored online through a portal where you can see real time information about how much cash is in each machine and how many transactions and fees have occurred.
How Many Views do You Need to Make Money Blogging?
If your blog gets over 10,000 monthly unique visitors, then yes – you can monetize your blog and create a nice revenue stream with it. The real challenge is making money from a blog that generates fewer than 1,000 visitors per day.
Just as in life, there are different stages to a blog’s life cycle. You can’t compare your new blog to one that’s been around for years.
The truth is: it takes time to build an income from blogging. No matter what you’ve read, blogging success doesn’t happen overnight — but it is possible.
How Much Money do Door to Door Salesman Make?
The average Door to Door Salesman in the US makes $26,818. The average bonus for a Door to Door Salesman is $2,172 which represents 8% of their salary, with 100% of people reporting that they receive a bonus each year. Door to Door Salesmen make the most in San Francisco at $28,582, averaging total compensation 7% greater than the US average.
The salaries of Door to Door Salesmen in the US range from $17,940 to $41,760 , with a median salary of $25,323 . The middle 50% of Door to Door Salesmen makes between $23,047 and $25,300, with the top 83% making $41,760.
How Does Too Good to go Make Money?
Too Good To Go is an app which uses a geo-targeted map to show users the restaurants closest to them with leftover food available for collection at special time, at great price.
Too Good To Go sells food that they buy from the stores at a great price. Stores make extra cash on food that would have otherwise cost them to throw out. Customers win by getting a great value meal – collecting tasty food at a reduced price.
There is the option for the user to donate £1 alongside his purchase, which will go towards providing a meal to someone who needs it.
How Much Money do I Need to Invest to Make $2000 a Month?
To make $2000 a month in dividends you need to invest between $685,714 and $960,000, with an average portfolio of $800,000. The exact amount of money you will need to invest to create a $2000 per month dividend income depends on the dividend yield of the stocks.
Dividend yield is the return on investment for the stocks you buy in terms of dividends. To calculate dividend yield divide the annual dividend paid per share by the current share price. You receive X% in dividends back for the money you invest.
You may think a shortcut to your goal is to pack your portfolio with stocks with higher dividend yields. The general recommendation for “regular” dividend stocks is to target dividend yields in 2.5% to 3.5% range.
The benchmark range was based on the stock market prior to 2020 and the unexpected year it’s proven to be. So you may want to check the dividend yield at the average price and 52- week high to see how the stock really lines up versus looking at it for just the current price.
To keep this example simple, let’s do all the math based on a 3% dividend yield and focus on quarterly stock payments.
Most dividend stocks pay dividends 4 times a year. To cover each month of the year, you need to buy at least 3 different stocks.
If each payment is $2000, you’ll need to invest in enough shares to earn $8,000 per year from each company.
To estimate how you’ll need to invest per stock, divide $8,000 by 3%, which results in a holding value of $266,667. And then multiply that by 3 for a total portfolio value of around $800,000. Not a small amount of money, especially if you’re starting from scratch.
And at that total value, you’ll likely want to invest in multiple stocks so spread the risk. Investing in the stock market always has a degree of risk involved.
How Much Money do You Have to Make to Qualify For a FHA Loan?
FHA loan requirements include a minimum credit score of 500 if you can make a 10% down payment, as well as limits on your total monthly debt load.
There is no minimum or maximum salary that will qualify you for or prevent you from getting an FHA-insured mortgage. However, you must:
- Have at least two established credit accounts. For example, a credit card and a car loan.
- Not have delinquent federal debt or judgments, tax-related or otherwise, or debt associated with past FHA-insured mortgages.
- Account for cash gifts that help with the down payment. That can include money from a friend or family member, a charity, your employer or union, or from a government agency. These gifts must be verified in writing, signed and dated by the donor.
How Many Followers do You Need to Make Money on Twitter?
The best part about making money on Twitter is that you can have as little as 1000 followers to get paid. While having a lot of followers is a goal of many growing influencers, the key to making good money on Twitter is not the amount of followers you have, but how engaged they are.
If you are attracting quality followers in your target audience, then you will be able to sell more products to 1000 of them than you would be to 10,000 random followers who aren’t interested in your niche.
A user who is consistently getting hundreds of likes, comments, and retweets is more likely to make a sale than someone who has more followers but only gets a couple dozen. Consistent likes, comments, and retweets are signs of engaged and quality followers who like and appreciate what you are doing.
To increase engagement in your followers, start asking for it! Want more likes? Tell users to like a tweet if they like your product. Want more retweets? Tell your followers to retweet your tweet if they can relate to it. Want more messages? Ask questions for followers to answer.
Followers are more likely to engage with you when they know you are looking for it and have something specific to engage with. It’s also a good idea to reach out to your followers and engage with them yourself. Show that you appreciate their support by liking and retweeting their content, as well.
How do You Make Money Rent to Own Homes?
Allowing potential tenants to rent-to-own your property opens up your investment to an additional pool of renters. Many would-be owners are in the market looking for a way to achieve their dream of home ownership even though they aren’t ready to take out a traditional mortgage.
These owners can frequently afford to put more down than a traditional renter, and can pay more per month. If they don’t buy the house, you can keep the extra money they pay, but if they do, you get an exit strategy for your property so that you can move on to your next investment.
1. Research market rents in your area. Talking to owners, real estate agents and property managers can help you get a sense of what your house should rent for as a straight rental. You can also research the market at major real estate websites and online classified advertising sites.
2. Advertise your property as a rent-to-own opportunity. In addition to putting a sign in the yard, you can usually post it on the same sites that you used to research pricing.
3. Design a payment that includes both a rental component and a component of paying towards equity. For example, if the fair market rent for the property is $1,100 per month, you may set up a payment that is $1,350 per month, where $250 gets applied towards the home’s eventual purchase price.
4. Require the rent-to-own candidate to pay an option fee of anywhere from 2.5 to 7 percent of the home’s estimated value. This option fee is in addition to the security deposit.
5. Screen applicants to find qualified renters. Many rent-to-own purchasers will have imperfect credit — it’s why they’re looking to rent-to-own instead of buy outright — but they may still be good candidates. A reasonable debt-to-income ratio of 40 percent or less indicates that the tenant should be able to pay his rent, while a credit history that indicates that he is generally responsible is also a good sign.
6. Design a lease and option structure that is fair to both you and the tenant. Given that the tenant is planning to eventually purchase the property, it’s not unreasonable to require him to take responsibility for his own repairs from the time he takes possession. You can also set up an option structure that gives him enough time to prepare to find permanent financing.
If it’s too short, he might not be able to save enough money or clean up his credit. On the other hand, a structure that is too long will leave you waiting to sell the house and move on. Options can stretch from two to five, or even seven years.
7. Collect the initial payment and monthly rents. Put all of the extra money that the tenant paid as a part of his option in a safe account, like a money market or a short-term certificate of deposit. If the tenant exercises his option and buys the house from you, you may need the money to pay down your mortgage or otherwise close the sale. If he doesn’t, you’ll keep the money once the option expires.
How Many Bills Does it Take to Make a Money Lei?
If you need extra flowers, you can create more from paper and intermix them with the money. A typical money lei could, for example, consist of 30 $1 bills and 30 paper flowers, 50 $1 bills or even 20 $5 bills and 20 flowers. The variety and amount is up to you.
How Much Money do You Need to Make a Will?
The fee for having a basic will written can be as little as $150—fairly reasonable and affordable for most people. Consider purchasing a do-it-yourself will creation kit that can be purchased online or in stores for less. These are generally templates you can fill in with your pertinent information online. If you require more complicated or additional estate planning documents, be prepared to dish out more cash. It can cost $1,000 or more in advanced situations.
Read Also: Package Corporate Gifts To Make Money
But this may be too generic for you, leaving you the option to hire a professional. If you do hire a lawyer, though, you should be aware that it’s going to come at a price. The low end for having a lawyer draft a will is around $300, but it can easily cost $1,000 or more if your situation is more complicated.
Hire a Lawyer
This is the best option if you have a complicated situation, a lot of assets, many beneficiaries, and a lot of dependents. While the decisions of what happens to your estate after you die are yours, an attorney can guide you through the process and help you word your will properly so there are no mistakes. After all, you are paying for legal advice, so it makes sense that you get the full benefit of an error-free will.
Keep in mind, though, hiring a lawyer to draft a document may cost anywhere from $100 per hour to $400 per hour or more. And if you decide to make any changes, it will cost you because it means another trip to the lawyer.
The journey on how to make money is to start small and grow big. The richest people always say that it is safe to start small and grow big rather than starting big. When you start small, the risk of your startup business idea is smaller and you will be very enthusiastic to grow to higher levels.
This internal motivation is very essential in facilitating your growth and once you start making money then nothing will stop you from trying to make more money. Remember that the more you get money the more you get motivated to look for more money. Hence it does not necessarily matter how small or awkward you start but the initiative you are putting in to grow big and make more money.